1 FARMATRUST AND GOVERNMENT OF MONGOLIA ROUND UP FEASIBILITY STUDY TO ELIMINATE FAKE DRUGS IN THE COUNTRY WWW.TECHBULLION.COM  PUBLISHED:2018/11/15      2 GOLDLINKS TEAMS UP WITH MONGOLIAN GOLD MINE WWW.MARKETS.BUSINESSINSIDER.COM PUBLISHED:2018/11/15      3 FX RATE NAMED AS ONE OF TOP 3 RISKS OF 2019 WWW.ZGM.MN PUBLISHED:2018/11/15      4 MONGOLIA: TIME TO MOVE FROM PROMISES TO ACTIONS WWW.FORUM-ASIA.ORG PUBLISHED:2018/11/15      5 UB AIR-POLLUTION DISASTER: INNOVATION CENTRE FOR HEATING OPENS WWW.NEWS.MN PUBLISHED:2018/11/15      6 MONGOLIA DRAFTING LAW FOR PROTECTING CHILDREN FROM NEGATIVE NEWS WWW.NEWS.MN PUBLISHED:2018/11/15      7 MONGOLIAN SME FUND SCANDAL: DEMONSTRATORS DEMAND MP RESIGNATIONS WWW.NEWS.MN PUBLISHED:2018/11/15      8 MONGOLIA TO IMPLEMENT PROGRAM TO DEVELOP INTENSIVE LIVESTOCK FARMING WWW.XINHUANET.COM PUBLISHED:2018/11/15      9 JAPANESE SPIES MET WITH NORTH KOREANS IN MONGOLIA WWW. PUBLISHED:2018/11/15      10 AZERBAIJAN SOON TO BEGIN TO SUPPLY WINE TO MONGOLIA WWW.AZERNEWS.AZ PUBLISHED:2018/11/15      УЛСЫН ХЭМЖЭЭНД 416.3 МЯНГАН ТОНН ҮР ТАРИА ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/15     ЗҮҮН ӨМНӨД АЗИЙН ЧӨЛӨӨТ ХУДАЛДААНЫ ГЭРЭЭГ ЭЦЭСЛЭХ ХУГАЦАА 2019 ОН ХҮРТЭЛ ХОЙШЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/15     УИХ: 2019 ОНЫ МӨНГӨНИЙ БОДЛОГЫН ҮНДСЭН ЧИГЛЭЛИЙН ТӨСЛИЙГ ЭЦЭСЛЭН БАТАЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/15     ГАЗРЫН ТОСНЫ ҮНЭ СҮҮЛИЙН НАЙМАН САРЫН ДООД ТҮВШИНД УНАЛАА WWW.ZGM.MN НИЙТЭЛСЭН:2018/11/15     ТӨВСИЙН ОРЛОГО 8.3 ИХ НАЯД ТӨГРӨГТ ХҮРЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/15     ТӨВ БАНК ИПОТЕКИЙН ЗЭЭЛИЙГ ИЛҮҮ ОЛОН ИРГЭНД ОЛГОХ ХУВИЛБАР БОЛОВСРУУЛЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/15     “УЛААНБААТАР ТӨМӨР ЗАМ”-ЫН ТӨЛСӨН ТАТВАРЫГ ХӨНГӨЛӨЛТТЭЙ ЗЭЭЛИЙН ХҮҮГИЙН ТӨЛБӨРТ ШИЛЖҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/15     МОНГОЛЫН КОМПАНИУД ДЭЛХИЙД ХҮЛЭЭН ЗӨВШӨӨРСӨН ЛОГО, ГЭРЧИЛГЭЭ ХЭРЭГЛЭХ БОЛОМЖТОЙ БОЛЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/15     МЕГА КОМПАНИЙН МЕГА НӨЛӨӨ WWW.UB.LIFE НИЙТЭЛСЭН:2018/11/15     СЗХ: ББСБ-УУДЫН ЗЭЭЛИЙН САРЫН ЖИГНЭСЭН ДУНДАЖ ХҮҮ ӨМНӨХ УЛИРЛААС БУУРААГҮЙ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/14    

Events

Name organizer Where
Frontier's "Invest Mongolia Tokyo 2018" Frontier Securities Tokyo Japan
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Three candidates to run for president www.en.montsame.mn

On May 17, the General Election Commission held a press conference to announce the names of candidates for the upcoming Presidential Election to be held on June 26.
 
Three candidates – Parliament Speaker M.Enkhbold representing Mongolian People’s Party, former Member of Parliament Kh.Battulga representing Democratic Party and former Member of Parliament S.Ganbaatar representing Mongolian People’s Revolutionary Party will run in the June election to be Mongolia’s 5th President.
 
The candidates can open a bank account for donations, and entities can donate up to MNT 15 million and individuals up to MNT 3 million.
 
During the press conference, the GEC officials also reported that Mongolians living abroad will vote on June 10-11.
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Several documents expected for signing at Mongolia-Kuwait meeting www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ During its regular meeting on May 27, Wednesday, the Cabinet approved the instructions for Mongolian delegates to partake in the first meeting of Mongolia-Kuwait Intergovernmental Commission which is to take place on May 23-24 in Kuwait city.
 
The meeting aims to reflect on bilateral ties and cooperation, determine future outlook, and discuss investment and collaborative projects. The Mongolian delegation to partake in the meeting is headed by Head of Cabinet Secretariat J.Munkhbat.
 
It was decided that the construction of National Burn Treatment Center would be financed by a non-refundable aid of the Government of Kuwait. During the meeting, the agreement on the project will be established. Moreover, Mongolian side will seek to establish an agreement on the project of asphalt pavement of Undurkhaan airport runway, Khentii aimag.
 
Moreover, a protocol on sanitary requirements for meat export to Kuwait and a memorandum of understanding between the standardization organizations of the two countries are planned to be signed during the meeting.
 
Over the years, the Kuwait Fund has granted soft loans worth USD 78 million and USD 13 million non-refundable aid to Mongolia.
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Erdenet Mining Corporation able to operate another 60 years www.en.montsame.mn

 
Orkhon /MONTSAME/ During the central region forum of mining industry held in Orkon aimag on May 15-16 on the occasion of the 95th anniversary of the development of the mining sector in Mongolia, Director of Erdenet Mining Corporation Kh.Badamsuren briefly informed about the current state of the Erdenet - one of the largest copper mines and some major works completed within the first four months of 2017.
 
As of the first quarter of 2017, the company has allocated over MNT 190 billion to the state budget and completed formulating a plan for the development tendency of the company for the next 15 years. “Erdenet Mining Corporation has a potential to work for another 60 years” he noted.
 
Furthermore, an issue of white dust produced by the mining activity of the Erdenet Mining Corporation in Orkhon aimag was discussed. In this regard, D.Tsogtbaatar, head of the Professional Association of Mining (PAM) said a request to reduce the dust emssions has been forwarded to the company. "Talks are underway to develop and introduce a new technology from USA to reduce dust emission”.
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Japan's economy just logged its longest stretch of growth in over a decade www.businessinsider.com

 
Japan’s economy grew at the fastest pace in a year in the first quarter of 2017, according to data released by the government on Thursday.
 
Real GDP increased by 0.5%, marginally shading expectations for a smaller expansion of 0.4%. It was also an improvement on the 0.3% increase of December quarter.
 
It was the fifth consecutive quarterly increase, the longest stretch of uninterrupted growth since 2006.
 
While a notable achievement, the record provides an indication about the struggles the Japanese economy has endured over that period, buffeted by falling population growth, deflation and the global financial crisis.
 
The quarterly increase took the seasonally-adjusted annual rate to 2.2%, the fastest growth seen since the first quarter of 2016. That was ahead of market forecasts for an increase of 1.7%, and followed an upwardly-revised December quarter figure of 1.4%.
 
According to the government, domestic demand grew by 0.4%, driven by a similar increase in private consumption during the quarter.
 
The latter accounts for around 60% of the total Japanese economy.
 
Elsewhere private residential investment rose by 0.7%, while business investment grew by a smaller 0.2%.
 
Public demand expanded by a smaller 0.1%
 
External demand, or net exports, added 0.1% to the quarterly GDP figure as exports grew faster than imports.
 
However, while real GDP grew, nominal GDP — including price movements during the quarter — recorded a marginal decline.
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Foreign ministers of Mongolia and Thailand meet www.en.montsame.mn

Ulaanbaatar /MONTSAME/ On May 17, Ts.Munkh-Orgil, Minister of Foreign Affairs of Mongolia met with his counterpart of Thailand, Don Pramudwinai. The foreign ministers discussed a broad range of issues concerning Mongolia-Thailand bilateral relations and they noted the importance of broadening the cooperation in areas of trade, economy and tourism.
 
During the meeting, Minister Ts.Munkh-Orgil highlighted that Mongolia strives to enhance its participation in the regional integration process, for instance, by becoming an ASEAN Dialogue Partner and requested for continued support from Thailand in this regard.
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Renewable energy network to be established between Mongolia and Russia www.en.montsame.mn

 
Ulaanbaatar /MONTSAME/ Prime Minister of Mongolia J.Erdenebat received Oleg Mikhailovich Budargin, Director General of Russian Rosseti LLC on May 16. On behalf of Rosseti LLC, Mr. Oleg Mikhailovich Budargin expressed the company’s intention to implement a project to establish a renewable energy network. And PM J.Erdenebat agreed upon the request to deploy working group to establish 500 kWh renewable energy line between Mongolia and Russia.
 
By establishing the network, Mongolia would be provided with sustainable energy. And the sides are aiming to establish an energy supply line with a capacity of 220 kWh. The line, which will be built with fiber optic cable, will enable the development of telecommunications.
 
The United Nations has made resolutions to use renewable energy in the Global Energy Grid. The sides were pleased to agree upon the possible establishment of a joint energy network between the two countries, which can also connect Asia and Europe. Presently, Mongolia negotiated on establishing a railway corridor between the two neighbors. And PM J.Erdenebat remarked the possibilities of establishing a renewable energy corridor as well.
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Lotte to sharply boost chocolate output capacity in Japan www.asia.nikkei.com

 
TOKYO -- In response to robust demand, Lotte Holdings will spend about 32 billion yen ($288 million) to set up a chocolate ingredient plant in Japan, aiming to increase its overall chocolate production by roughly 40%.
 
The facility, which is expected to reach full operation in June 2019, will be situated on the premises of Lotte's mainstay Urawa production plant, in Saitama Prefecture. The snack maker, a key part of the Lotte business empire straddling Japan and South Korea, hasn't made an investment of this size since the 1960s, when it opened the Urawa factory.
 
The new plant will produce the intermediate ingredient for chocolate. The plant's output will be used to make such finished products as Ghana Milk Chocolate and Choco Pie. This will enable Lotte to lift its annual chocolate production capacity to about 110 billion yen in sales value.
 
Chocolate products touting health benefits have grown increasingly popular in Japan. With many chocolate makers rolling out snacks with high cacao content and probiotics, sales to middle-aged and senior consumers have been brisk. According to industry group All Nippon Kashi Association, the Japanese market for chocolate grew 18% over five years to 526 billion yen in 2016, based on retail value. Lotte decided on the major factory investment on expectations that demand will continue to grow, particularly for chocolate products featuring health-promoting ingredients.
 
Rivals are also ramping up production. In September, Meiji Holdings' core subsidiary spent over 500 million yen to double the production capacity of chocolate with high cacao content at an Osaka plant. Also last fall, Ezaki Glico more than doubled the output volume of Libera chocolate, which the company claims helps hold down fat and sugar absorption.
 
Lotte is separately working on increasing ice cream production as well. Its Lotte Ice Cream unit plans to install a 7 billion yen production line at the Urawa factory, with the goal of bringing it on line as early as fiscal 2018. With some upscale ice cream brands selling well even in winter, the confectionery maker hopes to capitalize on the strong demand.
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Korean Air to plant trees in Mongolia to prevent desertification www.koreanair.com

 
Korean Air has been taking the lead in saving the Earth by volunteering for 14 consecutive years to plant trees in Mongolia.
 
From May 15th to 26th, more than 200 Korean Air employees will be cooperating with 600 local residents to plant trees in Mongolia. This activity is part of Korean Air’s ‘Global Planting Project’ which aims to prevent desertification of the city and save the environment. What was once a deserted area now has more than 110,000 trees planted and has been renamed ‘Korean Air Forest’. The forest is located at Baganuur, a city 150 kilometers east of Ulaanbaatar, the capital of Mongolia.
 
‘Korean Air Forest’ covers an area of 440,000 square meters and consists mainly of poplar trees, sea buckthorn and Siberian elms. The fruits of the sea buckthorn are used as ingredients of vitamin drinks. Thus planting trees not only makes the city greener but also contributes to increasing the incomes of local residents. The airline is focused on maintaining the forest well and has hired a local professional to look after it and to train local residents in supervision.
 
Moreover, Korean Air has been donating educational materials such as computers, desks and chairs to local schools which participate with the airline in the tree planting activity. Thanks to Korean Air’s continuous effort, residents’ determination to save the environment has grown tremendously and they have become ardent supporters of the annual planting activity.
 
Apart from tree planting, Korean Air has engaged in an array of programs in the different markets where it flies to assist communities in need. Utilizing its extensive global network, the airline has provided relief goods to countries such as Myanmar, Nepal, Japan and Peru when they were affected by natural disasters. Korean Air will continue to roll out corporate social responsibility programs at home and abroad, in support of protecting the environment, maintaining sustainable development and supporting local communities.
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Mongolia will play its own music in Belt and Road orchestra, says PM www.news.cgtn.com

 
The Prime Minister of Mongolia, Jargaltulga Erdenebat, praised the Belt and Road Initiative as a “major development milestone” and insisted Mongolia would play its role in the project, in an interview with CGTN after the close of a crucial Belt and Road Forum in Beijing this week.
 
“We all witness the global affairs on political, economic and social areas are not easy these days. And this uneasiness remains a major challenge to all of us in maintaining our collective and sustainable development goal,” Erdenebat‍ told CGTN's Dialogue with Yang Rui.
The Belt and Road Forum brought together the leaders of 29 countries as well as of the United Nations, the World Bank and the International Monetary Fund, he noted. "That already testifies that the Belt and Road Initiative has already emerged as a major international event and a major international development milestone.”
 
“Mr. Xi Jinping said it’s going to be an orchestra to be played by many different players from all over the world. In that sense, Mongolia, with her own musical instrument, with her own developmental agenda... will be playing our own music in this collective orchestra of the world.”
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'Trump Trade' turns to trepidation as investors unwind www.reuters.com

Investors were shelving rosy hopes for U.S. tax reform and rethinking strategies premised on Donald Trump's economic growth promises on Wednesday, as the President faced his loudest criticism yet over possible collusion between his election campaign and Russia.

From stocks to bonds to the U.S. dollar, a bevy of trades that have been fashionable since Trump's election last November, were getting dialed back or in some cases shredded as his reform agenda looked increasingly vulnerable amid the fallout from his firing last week of James Comey, the director of the Federal Bureau of Investigation.

The uncertainty about Trump's future increased in the last 24 hours over allegations Trump had sought to end Comey's investigation into ties between the president's first national security adviser, Michael Flynn, and Russia, and even some Republicans were now calling for a deeper probe into possible obstruction of justice.

The result was the harshest sell off yet in U.S. stocks since Trump was elected and a jettisoning of positions that were tied to the notion that his policies would stoke economic growth and inflation.

"The Trump Trade is over as of today," Ross Gerber, co-founder and CEO of Gerber Kawasaki Wealth and Investment Management, who said they have been selling for the past 45 days and continued to be bearish on risky assets today. "We've seen cracks all year, but today, this is the first institutional selling we are seeing."

Indeed, some "Trump trades" have been unwinding for weeks, especially in the bond and currency markets where bets on inflation risks and economic growth prospects are most prevalent.

"This has created opportunities for investors," said Richard Benson, managing director, co-head of portfolio investments, Millennium Global Investments, London, who said they had been short U.S. dollars against European currencies. "And right now, we're looking at these opportunities."

On Wednesday, one key indicator of the level of inflation five years from now fell to its lowest since late November. Meanwhile, the U.S. dollar, which had surged more than 5.0 percent after Trump's election, was effectively back to its Election Day level.

The real pain trade on Wednesday, though, was in stocks. Through the end of last week the S&P 500 stock index had gained more than 12 percent since Trump won the White House, and while the index has seen one other day since last November's election in which it fell by more than 1.0 percent, Wednesday's drop of 1.7 percent was its largest one-day fall in eight months.

"It doesn't mean that institutions are saying: 'its time to leave the U.S.', but for various reasons it's time to go to the sidelines," said Michael Purves, chief global strategist at Weeden & Co.

Julian Emanuel, executive director of U.S. equity and derivatives strategy at UBS Securities, said clients were "certainly concerned because it increases the uncertainty".

With Washington policymakers distracted by Trump's political problems, investors were betting on a longer timeline to get to tax reform.

"Immediately after the election, we asked our analysts to use lower forward-looking tax rates in their models, and now in the last couple of days I'm starting to think whether we should reverse that to assume the status quo for tax rates," said Edward Perkin, Chief Equity Investment Officer at Eaton Vance.

U.S. House Speaker Paul Ryan said on Wednesday that Republicans were determined to keep pursuing tax reform, although such efforts could be seriously hampered. Democratic Representative Jim Himes, a member of the House Intelligence Committee, told MSNBC that the "legislative agenda...(was) lying in ruins."

Investors have become increasingly bearish on US equities versus international assets in recent weeks, pulling a total of $11.2 billion from U.S.-based domestic stock funds, according to Thomson Reuters Lipper data, and instead stampeding into U.S.-based stock funds that invest in Europe.

“We have been contemplating an increase in international stocks to kind of hedge our U.S. equity bet," said Phil Blancato, CEO of Ladenberg Thalmann Asset Management in New York. "So we are very much remodeling our portfolios."

A longshot worry is the uncertainty that could be presented if Trump is actually impeached by the U.S. Congress. A small but growing number of Trump's fellow Republicans called for an independent probe of possible collusion between his 2016 campaign and Russia, and one mentioned impeachment.

Investors said that was not necessarily a market negative, if Vice President Mike Pence were to take over.

"Policy wise it might not make such a difference," said Frances Hudson, Global Thematic Strategist at Standard Life Investments in Edinburgh.

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